Big Digital Energy JV with 10NetZero to acquire Texas AI datacenter site; raises $15M

Big Digital Energy, Inc.

50/50 JV with 10NetZero to acquire ~50-acre Hood County, TX site with 17 MW live ERCOT power, expandable to 311 MW.
Site has 30,000 sq ft existing structures; on-site gas lines support behind-the-meter generation for AI datacenter.
Issued 16,700 shares of Series D Convertible Preferred Stock at $900/share to Six Thirty AI, LLC for $15.03M gross proceeds.
Series D carries 5% PIK dividend (18% on trigger event), convertible at 95% of 5-day VWAP with $1.80 floor; warrant for 926,748 shares at $10.81.
Purchaser is controlled by executive management; disinterested committee approved; Nasdaq stockholder approval required for conversions above limits.

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